SEDAR Interim Financial Statements

[
  {
    "companyName": "Azarga Metals Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 49166,
      "receivables": 2752,
      "prepaidExpenses": 5982,
      "totalCurrentAssets": 57900,
      "explorationAndEvaluationAssets": 892279,
      "totalAssets": 950179,
      "tradeAndOtherPayables": 80378,
      "totalCurrentLiabilities": 80378,
      "shareCapital": 146482347,
      "shareBasedReserve": 17745005,
      "deficit": -163357551,
      "totalShareholdersEquity": 869801,
      "totalLiabilitiesAndEquity": 950179,
      "cashPerShare": 0.0006,
      "workingCapitalPerShare": -0.0003
    },
    "incomeStatement": {
      "consultingFees": 68500,
      "directorFees": 18000,
      "explorationAndEvaluationExpenditures": 8912,
      "marketingAndPromotion": 16159,
      "officeExpenses": 5382,
      "professionalFees": 495,
      "shareBasedCompensation": 57008,
      "transferAgentAndFilingFees": 1543,
      "travel": 4995,
      "totalExpenses": 180994,
      "lossAndComprehensiveLoss": -180994,
      "weightedAverageSharesOutstanding": 76889855,
      "basicAndDilutedLossPerShare": -0.0024
    },
    "cashFlowStatement": {
      "lossForPeriod": -180994,
      "shareBasedCompensation": 57008,
      "changeInReceivables": 1051,
      "changeInPrepaidExpenses": 4576,
      "changeInTradeAndOtherPayables": 39238,
      "cashUsedInOperatingActivities": -79121,
      "subscriptionsReceivedInAdvance": 0,
      "cashProvidedByFinancingActivities": 0,
      "changeInCashAndRestrictedCash": -79121,
      "cashBeginningOfPeriod": 128287,
      "cashAndRestrictedCashEndOfPeriod": 49166,
      "cashEndOfPeriod": 49166,
      "restrictedCashEndOfPeriod": 0,
      "interestPaid": 0,
      "incomeTaxesPaid": 0
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Marg project - 100% owned undeveloped high-grade copper-rich volcanogenic massive sulphide deposit",
        "ownershipPercentage": 100,
        "value": 892279,
        "notes": "Subject to 1% net smelter return royalty; option to buy back for $1,500,000; upon decision to mine, $300,000 payment due in cash/shares"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 76889855,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 5000000,
          "exercisePrice": 0.2,
          "expiryDate": "2028-02-10"
        },
        {
          "number": 600000,
          "exercisePrice": 0.1,
          "expiryDate": "2028-02-10"
        }
      ],
      "options": [
        {
          "number": 800000,
          "exercisePrice": 0.07,
          "expiryDate": "2029-01-05"
        },
        {
          "number": 1950000,
          "exercisePrice": 0.08,
          "expiryDate": "2030-07-30"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025": {
          "consultingFees": 68500,
          "directorFees": 18000,
          "shareBasedCompensation": 57008,
          "total": 143508
        },
        "2024": {
          "consultingFees": 68500,
          "directorFees": 0,
          "shareBasedCompensation": 12066,
          "total": 80566
        }
      },
      "namedIndividuals": [
        {
          "name": "Chief Executive Officer",
          "title": "CEO",
          "period": "2025",
          "components": {
            "salary": 43500,
            "bonus": null,
            "total": 43500
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Golden Oak",
          "description": "Consulting company controlled by CFO/Corporate Secretary providing CFO, Corporate Secretary, accounting and administrative services",
          "amount": 25000,
          "period": "2025"
        },
        {
          "counterparty": "Chief Executive Officer",
          "description": "Consulting fees",
          "amount": 14500,
          "period": "2025"
        },
        {
          "counterparty": "Golden Oak",
          "description": "Expenses",
          "amount": 1673,
          "period": "2025"
        },
        {
          "counterparty": "Directors",
          "description": "Director fees",
          "amount": 18000,
          "period": "2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-02-10",
        "description": "Completed private placement: 10,000,000 units at $0.10 per unit for gross proceeds of $1,000,000. Each unit = 1 common share + 0.5 warrant (whole warrant exercisable at $0.20 until Feb 10, 2028). Paid $30,000 finder's fees, issued 300,000 common shares and 600,000 finder's warrants (exercisable at $0.10 until Feb 10, 2028).",
        "impactValue": 1000000
      }
    ]
  }
]